Saturday, February 8, 2014

U.S. Senator Bob Corker, R-Tenn., released the following statement
after the non-partisan Congressional Budget Office announced today that
the U.S. will add over $9 trillion in new debt and nearly double
Medicare and Social Security spending over the next ten years. The
report also finds that the health care law will continue to negatively
impact economic growth and result in 2.5 million fewer Americans working
in the next decade.

“Today’s CBO report gives a sobering outlook on our economy. It
confirms what we’ve known all along: The health care law is having a
tremendously negative impact on economic growth, while entitlement
spending continues to drive our nation’s debt to historic levels.
Reforming Medicare and Social Security so they are strong and solvent is
the only way to put our country on a sound fiscal path that will allow
for continued growth and prosperity,” said Corker.

Last year, Corker and U.S. Senator Lamar Alexander, R-Tenn.,
introduced the Fiscal Sustainability Act, S. 11, to reduce the growth of
entitlement spending (Medicare, Medicaid and Social Security) by nearly
$1 trillion in the next decade in order to improve the programs’
solvency. The bill incorporates many of the recommendations made by
President Obama’s Debt Commission (Simpson-Bowles) as well as by former
Republican Senator Pete Domenici and Alice Rivlin, budget director for
former President Clinton.

Disclaimer

As the author of A Disgruntled Republican I often post item which I think may be of interest to the conservative, Republican, libertarian or the greater community. Posting of a press release or an announcement of an event does not necessarily indicate an endorsement. Rod